Title
Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Stipulation of Settlements for Tax Appeals
List of Property:
(Tax Payer/Address/Block/Lot/Ward/Assmnt./Year/Refund Amount)
Vineland Construction, Co. /67-85 Doremus Avenue/5010/32/East/$1,300,000/2008/-$4,956.29
Vineland Construction, Co. /67-85 Doremus Avenue/5010/32/East/$1,300,000/2009(F)/-$5,223.27
Vineland Construction, Co. /67-85 Doremus Avenue/5010/32/East/$1,300,0002010/-$3,180.00
Vineland Construction, Co. /67-85 Doremus Avenue/5010/32/East/$1,300,000/2011/-$3,328.00
Vineland Construction, Co. /67-85 Doremus Avenue/5010/32/East/$1,300,000/2012(F)/-$3,452.00
Islamic Society of Essex County/20-24 Branford Place/57/161/Central/$1,000,000/2009/-$2,739.00
Islamic Society of Essex County/20-24 Branford Place/57/161/Central/$1,000,000/2010/-$3,180.00
Islamic Society of Essex County/20-24 Branford Place/57/161/Central/$1,000,000/2011(F)/-$3,328.00
Islamic Society of Essex County/20-24 Branford Place/57/161/Central/$1,000,000/2012(F)/-$3,452.00
41-43 Pacific Associates LLC/41-43 Pacific Street/938/24/East/$400,000/2009/-$4,689.17
41-43 Pacific Associates LLC/41-43 Pacific Street/938/24/East/$400,000/2010/-$5,444.16
41-43 Pacific Associates LLC/41-43 Pacific Street/938/24/East/$400,000/2011/-$5,697.54
41-43 Pacific Associates LLC/41-43 Pacific Street/938/24/East/$400,000/2012(F)/-$5,909.83
Sillmets Holding LLC/444 15th Avenue/280/23/Central/$166,600.00/2012/-$5,222.88
Deutsche Bank Nation/444 15th Avenue/280/23/Central/$166,600.00/2011/-$5,035.26
Mosher Holdings, LLC c/o Joel Moshe/921 Hunterdon Street/3586/49/South/$150,700.00/2012/-$4,470.34
NJ Health Care Employers Pension Fund/1-25 Alling Street/153/1/East/$4,417,600/2009/-$24,168.94
NJ Health Care Employers Pension Fund/1-25 Alling Street/153/1/East/$4,417,600/2010/-$28,060.32
NJ Health Care Employers Pension Fund/1-25 Alling Street/153/1/East/$4,417,600/2011/-$29,366.27
NJ Health Care Employers Pension Fund/1-25 Alling Street/153/1/East/$4,417,600/2012/-$30,460.45
NJ Health Care Employers Pension Fund/1-25 Alling Street/153/1/East/$5,742,000/2013/$0.00
NJ Health Care Employers Pension Fund/1-25 Alling Street/153/1/East/$5,742,000/2014/$0.00
Sumo Prime Corp. /472-474 Market Street/173/3/East/$750,000/2010/-$9,540.00
Sumo Prime Corp. /472-474 Market Street/173/3/East/$750,000/2011/-$9,984.00
Sumo Prime Corp. /472-474 Market Street/173/3/East/$750,000/2012/-$6,041.00
Tae Soo Kim/14 Park Street/125/101/Central$380,000/2011/-$2,196.48
Tae Soo Kim/14 Park Street/125/101/Central$380,000/2012/-$2,278.32
Tae Soo Kim/14 Park Street/125/101/Central$425,000/2013/-$800.26
Tae Soo Kim/14 Park Street/125/101/Central$425,000/2014/-$840.37
Verizon New Jersey, Inc. d/b/a NJBT Co. /59-69 Bloomfield Avenue/515.01/44/Central/$1,400,000/2012/-$13,808.00
Verizon New Jersey, Inc. d/b/a NJBT Co. /59-69 Bloomfield Avenue/515.01/44/Central/$1,076,200/2015/$0.00
625-647 Third St. Lim. Liability Co. /625-647 3rd Street/601/23/North/$667,600.00/2012/-$6,513.93
Schwartz A&B & Kuskin F/287-299 Mt. Pleasant Avenue/448/17/Central/$406,000.00/2012/-$3,552.11
Schwartz A&B & Kuskin F/287-299 Mt. Pleasant Avenue/448/17/Central/$600,000.00/2013/-$5,312.45
Schwartz A&B & Kuskin F/287-299 Mt. Pleasant Avenue/448/17/Central/$600,000.00/2014/-$5,578.70
SNICE LLC, 538 Market LLC/538 Market Street/1999/2/East/$485,000/2012/-$2,595.90
Dominguez Lisardo & Argentina/109-111 Elm Street/201/6/East/$612,300/2012/-$1,035.60
Dominguez Lisardo & Argentina/109-111 Elm Street/201/6/East/$700,000/2014/-$2,356.76
Regeng, LLC/111-147 Rome Street/2065/1/East/$1,428,600/2012/-$10,369.81
Regeng, LLC/111-147 Rome Street/2065/1/East/$1,605,000/2014/-$8,865.76
SNICE LLC/297-299 Oliver Street/978/8/East/$500,000/2014/-$4,375.51
SNICE LLC/297-299 Oliver Street/978/8/East/$500,000/2015/-$4,669.00
De Caro, Michael & Kathleen/22-36 Mc Clellan Street/3775/54/South/$715,000/2012/$0.00
De Caro, Michael & Kathleen/22-36 Mc Clellan Street/3775/54/South/$1,051,000/2013/-$15,969.82
De Caro, Michael & Kathleen/22-36 Mc Clellan Street/3775/54/South/$1,051,000/2014/-$16,770.21
Community Corrections Corp. /28 Peerless Place/3520/50/South/$1,850,000/2011/-$5,524.48
Community Corrections Corp. /28 Peerless Place/3520/50/South/$1,850,000/2012/-$5,730.32
Community Corrections Corp. /28 Peerless Place/3520/50/South/$2,750,000/2013/-$8,413.10
Community Corrections Corp. /28 Peerless Place/3520/50/South/$2,750,000/2014/-$8,834.75
Vidreiro, Diana, Saraboys, LLC/28 Wilson Avenue/1981/18/East/$220,200/2011/-$3,088.38
Vidreiro, Diana, Saraboys, LLC/28 Wilson Avenue/1981/18/East/$220,200/2012/-$3,203.46
Vidreiro, Diana, Saraboys, LLC/28 Wilson Avenue/1981/18/East/$325,000/2013/-$1,423.35
Vidreiro, Diana, Saraboys, LLC/28 Wilson Avenue/1981/18/East/$325,000/2014/-$1,097.75
634 Frelinghuysen Assoc., C-O Starr/21-25 Haynes Avenue/3791/114/South/$1,350,000/2009/-$3,169.02
634 Frelinghuysen Assoc., C-O Starr/21-25 Haynes Avenue/3791/114/South/$1,350,000/2010/-$3,679.26
634 Frelinghuysen Assoc., C-O Starr/21-25 Haynes Avenue/3791/114/South/$1,350,000/2011/-$3,850.50
634 Frelinghuysen Assoc., C-O Starr/21-25 Haynes Avenue/3791/114/South/$1,350,000/2012/-$3,993.96
Pavilion Properties LTD/138-162 ML King Blvd/49/1/Central/$17,000,000/2014/-$7,752.50
Pavilion Properties LTD/138-162 ML King Blvd/49/1/Central/$16,500,000/2015/-$24,817.50
Pavilion Properties LTD/138-162 ML King Blvd/451/1/Central/$17,000,000/2014/-$7,752.50
Pavilion Properties LTD/138-162 ML King Blvd/451/1/Central/$16,500,000/2015/-$24,817.50
M.M. Louie Holdings/186-208 Wright St./1180/1/East/$570,000/2012/-$1,974.54
Humble Oil Refining Company CO Exxon /S and P, LLC/92-96 Walnut Street/877/26/Central/$453,300/2012/-$7,411.44
Humble Oil Refining Company CO Exxon / S and P, LLC/92-96 Walnut Street/877/26/Central/$537,500/2015/-$1,164.77
Humble Oil Refining Company CO Exxon / S and P, LLC/92-96 Walnut Street/877/26/Central/$537,500/2016/-$1,210.88
Humble Oil Refining Company CO Exxon / S and P, LLC/25-29 Cottage Street/877/41//Central /$146,700/2012/$0.00
Humble Oil Refining Company CO Exxon / S and P, LLC/25-29 Cottage Street/877/41//Central /$262,500/2015/$0.00
Montina Holdings LLC/278 South 6th Street/278/3/Central/$140,000/2013/$888.85
Montina Holdings LLC/278 South 6th Street/278/3/Central/$140,000/2014(F)/$933.40
Montina Holdings LLC/278 South 6th Street/278/3/Central/$140,000/2015(F)/$996.01
Super Pack Logistics, LLC/9-23 Manufacturers Place/2479/52/East/$450,000/2014/-$6,986.55
Super Pack Logistics, LLC/9-23 Manufacturers Place/2479/52/East/$450,000/2015/-$7,455.18
Eureka Springs Co., Inc. /9-23 Manufacturers Place/2479/52/East/$475,000/2013/-$5,914.86
Heller Libby/25-33 Edison Place/164/88/East/$492,400/2015/-$3,309.00
A.A. & D. Realty, Inc. /190 Market Street/164/15/East/$425,000.00/2013/-$4,518.09
A.A. & D. Realty, Inc. /190 Market Street/164/15/East/$425,000.00/2014/-$4,744.53
Glopak Corp. /442-470 Frelinghuysen Avenue/3516/24/South/$2,000,000.00/2011/-$21,632.00
Glopak Corp. /442-470 Frelinghuysen Avenue/3516/24/South/$2,725,000.00/2014/-$6,326.04
MLK Newark 2007 LLC/92-94 Quitman Street/2560/70/Central/$931,800.00/2013/$0.00
MLK Newark 2007 LLC/624-626 M.L. King Blvd/103/45 T01/Central/$235,600.00/2013/$0.00
MLK Newark 2007 LLC/624-626 M.L. King Blvd/103/45 T01/Central/$235,600.00/2014/$0.00
MLK Newark 2007 LLC/624-626 M.L. King Blvd/103/45/Central/$1,430,000.00/2014/-$4,254.57
New High St 2008 LLC/2560/31 T01/Central/773-775 M.L. King Blvd/$235,600.00/2013/$0.00
New High St 2008 LLC/2560/31 T01/Central/773-775 M.L. King Blvd/$235,600.00/2014/$0.00
New High St 2008 LLC/777-779 M.L. King Blvd/2560/33/Central/$1,808,200.00/2013/-$14,927.42
New High St 2008 LLC/777-779 M.L. King Blvd/2560/33/Central/$1,808,200.00/2014/-$8,654.89
New High St 2008 LLC/773-775 M.L. King Blvd/2560/31/Central/$1,808,100.00/2013/-$6,703.31
New High St 2008 LLC/773-775 M.L. King Blvd/2560/31/Central/$1,808,100.00/2014/$5,191.07
Spruce St 2011 LLC/737-739 M.L. King Blvd/2560/13/Central/$1,402,500.00/2013/-$5,802.65
Spruce St 2011 LLC/737-739 M.L. King Blvd/2560/13/Central/$1,402,500.00/2014/--$2,741.28
Spruce St 2011 LLC/747-751 M.L. King Blvd/2560/18/Central/$1,445,000.00/2013/-$19,076.38
Spruce St 2011 LLC/747-751 M.L. King Blvd/2560/18/Central/$1,445,000.00/2014/-$16,218.23
Spruce St 2011 LLC/778-784 M.L. King Blvd/123/96/Central/$1,445,000.00/2013/-$19,185.64
Spruce St 2011 LLC/778-784 M.L. King Blvd/123/96/Central/$1,445,000.00/2014/-$16,277.15
Antos Lending Associates/10 Columbia Avenue/4031/9/West/$121,000.00/2010/-$578.76
Antos Lending Associates/10 Columbia Avenue/4031/9/West/$121,000.00/2011/-$605.70
Antos Lending Associates/10 Columbia Avenue/4031/9/West/$121,000.00/2012/-$628.26
Ahab Realty, LLC/331-333 South Street/1145/18/East/$302,700.00/2010/-$2,623.50
Ahab Realty, LLC/331-333 South Street/1145/18/East/$302,700.00/2011/-$2,745.60
Ahab Realty, LLC/331-333 South Street/1145/18/East/$302,700.00/2012/-$2,847.90
Ahab Realty, LLC/335-337 South Street/1145/21/East/$128,800.00/2010/$0.00
Ahab Realty, LLC/335-337 South Street/1145/21/East/$128,800.00/2011/$0.00
Ahab Realty, LLC/335-337 South Street/1145/21/East/$128,800.00/2012/$0.00
Ahab Realty, LLC/367-369 South Street/1145/36/East/$186,000.00/2010/$0.00
Ahab Realty, LLC/367-369 South Street/1145/36/East/$186,000.00/2011/$0.00
Ahab Realty, LLC/367-369 South Street/1145/36/East/$186,000.00/2012/$0.00
Lafayette Enterprises/350-356 Lafayette Street/1979/18/East/$682,500.00/2010/-$5,676.30
Lafayette Enterprises/350-356 Lafayette Street/1979/18/East/$682,500.00/2011/-$5,940.48
Lafayette Enterprises/350-356 Lafayette Street/1979/18/East/$682,500.00/2012/-$6,161.82
Sandhu, Resham & Gian/10-12 Pennsy Pl./5092.03/76.01/South/$210,000.00/2014/-$2,279.23
Sandhu, Resham & Gian/10-12 Pennsy Pl./5092.03/76.01/South/$210,000.00/2015 (F)/-$2,432.12
Hemisphere International/270-286 Haynes Avenue/5088/131/South/$7,633,600.00/2012/-$292,605.33
Additional Information:
Total Tax Difference: - $951,589.77
Invitation: Corporation Counsel, January 31, 2017
body
WHEREAS, there are now pending before the Tax Court of New Jersey direct appeals challenging real property assessments and actions to review judgments of the Essex County Board of Taxation with regard to properties listed on the attached Schedule A, January 10, 2017; and
WHEREAS, after a review of the appraisals of both the City and the taxpayer and an analysis of prior County Board and Tax Court actions as they affect these properties, and after careful consideration of these facts, it is the opinion of the Tax Assessor and the Corporation Counsel, or his designee (“Outside Counsel”), that these settlements are in the best interests of the City of Newark.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The Corporation Counsel of the City of Newark, or Outside Counsel, be and is hereby authorized to execute a Stipulation of Settlement with regard to certain properties as set forth in Schedule A, January 10, 2017, after receipt of all documents deemed appropriate.
2. The City Clerk shall serve a copy of this resolution upon the Tax Assessor, Corporation Counsel and the Director of Finance.
STATEMENT
This resolution authorizes the Corporation Counsel or his designee, Outside Counsel, to execute a Stipulation of Settlement with regard to Tax Appeals on properties set forth in Schedule A, January 10, 2017.